Kendall
REAL ESTATE
Average rent for a single-family home in Miami reaches $3,537.70 per month, homeownership remains just a dream for many
Miami, Florida – Renters in Miami are paying 154% more than the national average for single-family residences, hence their financial load is really heavy. As of May 31, 2024, Miami ranks in the top ten cities in the United States with the highest rent rates according to data collected by the QR Code Generator.
New Federal Funding Aims to Revitalize Miami Housing and Economy, Heralding a New Chapter for Overtown
The quest for affordable housing and economic rejuvenation in Miami is set to take a significant leap forward thanks to the Biden-Harris Administration. Today, HUD Principal Deputy Assistant Secretary for Public Housing Richard Monocchio, alongside Southeast Deputy Regional Administrator Tiffany Cobb, met with Miami-Dade County Mayor Daniella Levine Cava to unveil a new wave of federal funding. This decisive move is expected to construct new affordable homes, inject vitality into Overtown, overhaul the Culmer public housing, and catalyze economic uplift in the region.
Master Building Permit Issued for 75-Story ‘Baccarat Residences Miami’
A master building permit has been issued for Baccarat Residences Miami, a luxury condominium tower developed by Related Group and GTIS Partners and designed by Arquitectónica. Miami’s Building Department issued the permit to allow for the continued development of the 848-foot-tall skyscraper, under construction at 99 Southeast 5th Street and expected to be completed in early 2028. John Moriarty & Associates serves as the general contractor for this project.
Mets’ José Iglesias Seeking $7.6M for North Miami Home
An luxuriant abode risen along the shores of Biscayne Bay in 2018 now seeks a new proprietor to revel in its contemporary splendor. The 5-bed, 5-bath residence spanning 3,891 sq. ft is available for $7.6 million. It was once called home by seasoned Mets infielder Jose Iglesias, now trading the tranquil waterfront oasis for a new chapter.
Fortune International buys Brickell site for 77-story condo tower
Fortune International Group recently closed on a 46,373-square-foot site at 1210 Brickell Ave. in Miami’s Brickell neighborhood, where it plans to develop ORA by Casa Tua, a 77-story condominium tower. The luxury development will offer 533 fully furnished residences that will be available for short-term rental upon purchase. Sales...
Developer Files Pre-Application for ‘Naranja Grove Apartments’ Located at 23435 SW 127th Ave, Homestead, FL 33032
An affiliate of Onyx Housing Group hopes to get approval for a multi-family housing development on farmland in Miami-Dade County. The Naranja Grove Apartments would require 318,108 square feet of new construction, rising eight stories and comprising 285 apartments. According to the South Florida Business Journal, the one-bedroom to three-bedroom homes would range from 638 to 1,206 square feet. Communal amenities would include a swimming pool and residents’ clubhouse.
85 Deer Run Then and Now by Ken Wilde
Construction was completed in early 1925 on this 2 story Pueblo-Mission Style Home at 85 Deer Run facing the Miami Springs Golf Course. It was built for Lua Curtiss, mother of Glenn Curtiss and was one of the first homes built in Miami Springs. The living room has oversized windows as Mrs. Curtiss was as amateur artist and liked to paint by natural light. In 1926 Lua Curtiss sold the home to Dr. A.W. Ziebold and moved into a larger home at 150 Hunting Lodge Drive. The House was placed on the National registry of Historic Places in 1985.
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